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Showing 1131 - 1140 of 1797 results for "Monitor"

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In the 460-page interim report released today, the Committee observed that the ...

Global body calls for Asia Funds Passport rethink

MARK SMITH  |  MONDAY, 14 JUL 2014
... The group also recommends that the six countries form a "college or group of representatives from member economies" to monitor passport developments and help resolve differences in implementation while promoting coordination, harmonisation, and convergence ...

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
... complex features that may have an impact on its performance," ASIC Commissioner Greg Tanzer said. "ASIC will continue to monitor issuers' compliance with disclosure and advertising when selling complex products, and encourage industry-led initiatives ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

Advice firm chooses MDAs over platforms

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
Melbourne advice firm Moran Howlett Financial Planning will transfer the majority of its funds under advice from traditional platforms onto a managed discretionary account (MDA) structure. The firm has about 350 clients and $160 million in assets under ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank (CBA) chief executive Ian Narev's main message during yesterday's address to the media was that the bank has switched to "a spirit of openness," but he left a number of key questions unanswered. "Over the past few weeks perhaps the ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
The government will monitor the implementation of Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... planning division "was not an issue of resources, our trust was misplaced." Medcraft said that ASIC has "30 staff looking to monitor over 40,000 financial planners." In this context, "we need consumers to take care when dealing with a financial adviser ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

AustralianSuper appoints European property manager

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
AustralianSuper has appointed an investment manager to execute its direct office and retail property investment strategy in Europe. Rockspring Property Investment Managers' mandate will focus on large office buildings, either standalone or part of larger ...